Re: Almost ready for a new auto loan?

I just started using score watch so I'm not sure how accurate it is either but I do know lower utility usually means higher score!

Just got an score watch alert from myFico today. My FICO score has gone up from 660 to 680 today

Did some research on the cars and finally found a vehicle that fits my needds. I'm planning on going with the 2013 Acura ILX Technology Package. Requested a few quotes and the dealers replied with similar prices around $28,900 + tax + license fees + destination. So around $30,000 I'm assuming which is $5,000 lower than the car I previous was interested in.

Re: Almost ready for a new auto loan?

Yes I do. A 720 auto enhanced score is required for tier 1 lease financing through Acura. Mines was a 724 when they pulled it in Nov and they used transunion's score.

I leased a 2012 Acura TL and I absolutely love it! The price you quoted for the ILX is about right. The ILX is a nice entry luxury sedan. It has a 4 cyl engine but I heard it is pretty punchy. Good luck on your purchase! :-)

Re: Almost ready for a new auto loan?

You can continue to use your cards. Just make sure you pay it off before the statement cuts so that it continues to report the lower utility. Paying all of them to zero except one at 9% should maximize your scores.

Re: Almost ready for a new auto loan?

MovingForward_2012 wrote:You can continue to use your cards. Just make sure you pay it off before the statement cuts so that it continues to report the lower utility. Paying all of them to zero except one at 9% should maximize your scores.

Thanks for the reply!

Hopefully I'm doing this correctly. My capital one is showing 0 balance and my amazon store card is at 9% util. After my statement arrives, I'll pay off the card fully and hope for my score to go up again

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FTC's website on credit.

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.